Page 4 - Lesson Note 4

this business. He is the eldest male member in the family so he heads the

business. He is liable to all the creditors of the business as he is the
decision maker. Dhirubhai’s grandson has just born a few days ago and he

is also the member of the business.
(a) Which form of business is being undertaken by Dhirubhai Chaurasiya ?

(b) Identify the features of this form of business based on the information
given.